What's Going On With DraftKings Stock?
Portfolio Pulse from Adam Eckert
DraftKings Inc (NASDAQ:DKNG) shares are trading higher due to positive analyst coverage. JPMorgan upgraded DraftKings from a Neutral rating to an Overweight rating and raised the price target from $26 to $37. Needham reiterated DraftKings with a Buy rating and a $44 price target, while JMP Securities reiterated a Market Outperform and price target of $39. Needham and JMP Securities noted strong trends for DraftKings in the online gambling market.
September 26, 2023 | 12:41 pm
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POSITIVE IMPACT
DraftKings shares are trading higher due to positive analyst coverage. The company has been upgraded by JPMorgan and received positive ratings from Needham and JMP Securities.
The positive analyst coverage and upgrades from JPMorgan, Needham, and JMP Securities are likely to boost investor confidence in DraftKings, potentially leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100